Tag: large (Page 1 of 4)

Emirates Flight Catering acquires Bustanica indoor vertical farm

February 19, 2024 / WIL BALDWIN

Dubai, UAE, 19 February 2024 — Emirates Flight Catering, one of the world’s largest catering operations, has fully acquired Emirates Bustanica, formerly called Emirates Crop One, and its consumer brand Bustanica, the world’s largest indoor vertical farm.

This strategic move establishes Emirates Bustanica as a fully UAE-owned company, helping sustain the country’s vision of enhancing food and water security and its agricultural capabilities. The acquisition empowers Emirates Bustanica to leverage its local expertise and the latest tech know-how to meet the growing demands of the market.

Located near Al Maktoum International Airport at Dubai World Central, Bustanica’s 330,000sqft facility has the capacity to grow more than 1 million kilograms of exceptional quality leafy greens a year, equivalent to 3 tonnes daily, while using 95% less water than conventional agriculture.

Operating under the brand name Bustanica, the produce is available across all major retailers in the UAE such as Spinney’s, Waitrose, Carrefour, and Choithrams. Customers on Emirates and other airlines enjoy this farm-fresh produce in their salads and meals.

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Bustanica indoor vertical farm

Emirates increasing flights to Brazil and Argentina starting in December

January 23, 2024 / WIL BALDWIN

Dubai, UAE, January 23, 2024 – Emirates has announced a fifth frequency on its Dubai – Rio de Janeiro route, starting on December 7, 2024. The additional weekly flight on Saturdays will provide increased capacity on its service to the Brazilian city and will support the growing demand for travel on the route. Additionally, the linked service allows travellers to conveniently travel onwards to the Argentinian capital city of Buenos Aires.

Emirates’ increase in capacity on its Dubai – Rio de Janeiro – Buenos Aires route will help the airline to meet market demand and offer customers greater flexibility, choice, and connectivity. With the fifth scheduled service, customers will now have more choice when selecting flights to suit their travel plans.

The additional weekly frequency between Dubai, Brazil and Argentina will operate as EK247 and EK248 in a 2-class configuration. Tickets can be booked immediately on emirates.com, the Emirates App, and travel agencies.

EK247 and EK248 is scheduled to operate with timings as follows (all times are local):

The airline’s boosted services to Brazil and Argentina are expected to facilitate additional connectivity for passengers travelling between these countries and other popular destinations in Emirates’ network including the UAE, Japan, Thailand, Maldives, Egypt, mainland China and Hong Kong, Turkey, South Korea, India, Australia and Indonesia. With Brazil and Argentina being home to the two largest Lebanese communities in Latin America, Emirates regularly serves customers travelling to and from Beirut. Furthermore, nationals of Brazil and Argentina can also enjoy the convenience of visa-free travel to Dubai, making it a popular destination for holidays and short stopovers.

Sierra Space on Built In’s 100 Best Large Places to Work in Colorado

January 9, 2024 / WIL BALDWIN

Louisville, Colorado, January 9, 2024 – Sierra Space, a leading commercial space company building the first end-to-end business and technology platform in space to benefit life on Earth, announced today that it was honored in Built In’s 2024 Best Places to Work Awards, earning a place on 100 Best Large Places to Work in Colorado. The annual awards program evaluates companies of all sizes, from startups to established enterprises, and honors a wide range of companies in large tech markets across the United States.

Built In determines the winners of Best Places to Work by using company data about compensation packages, total rewards and culture programs. Sierra Space won this industry accolade not only for its commitment to providing competitive salaries and comprehensive benefits packages, but also for fostering an engaging work environment and culture that is embraced by its 2,000 team members across seven states.

If you are excited about venturing into uncharted territories and are driven to being exceptional, Sierra Space has a place for you. We offer a broad range of diverse career opportunities across various corporate sectors. Join our team and collaborate with like-minded individuals who share a common goal: shaping the future of space exploration while advancing the greater good. Dare to dream at SierraSpace.com/Careers.

DHL fulfillment network adds capacity with new warehouse in Euskirchen

October 23, 2023 / WIL BALDWIN

Bonn, Germany, October 23, 2023 – As part of the expansion of the DHL (Deutsche Post AG-Xetra: DHLn) Fulfillment Network (DFN), DHL Supply Chain has now commissioned its fourth dedicated e-commerce warehouse in Germany. The fulfillment warehouse in Euskirchen will store, pick and pack orders from both large as well as small and medium-sized customers before shipping them within Germany, Europe or even to the rest of the world.

All customers benefit from an existing infrastructure that enables the integration of webshops and customer systems as well as connection to a range of parcel service providers. In this way, new companies can quickly and easily be integrated into the network. In addition, DHL provides its customers with a wide range of data and digital tools enabling them to drive their business with minimal effort. This allows inventory to be managed, each order to be monitored and sales trends to be tracked. Furthermore, all DFN fulfillment centers are run by trained DHL employees.

The DFN model was developed in Germany and currently has a global network spanning 30 locations around the world. The new Euskirchen site has a total storage area of over 60,000 square meters and has excellent connections to parcel centers and both Cologne/ Bonn and Duesseldorf Airport. Fluctuations in order numbers and inventory levels can be handled flexibly through specialist technology and dynamic staff deployment.

Luxembourg, Historical city center in the morning, Aerial View

Luxair orders four Embraer E195-E2 and secures delivery positions for additional five

October 11, 2023 / WIL BALDWIN

ERA General Assembly, Innsbruck, Austria, October 11, 2023 – Embraer SA (NYSE: ERJ) and Luxair, flag carrier of the Grand Duchy of Luxembourg, have signed a firm order for four E195-E2; the most efficient regional aircraft in the single aisle segment. The aircraft will complement the larger narrowbody aircraft recently ordered by the airline.

Luxair has ordered four E195-E2s, with two options and three purchase rights for more aircraft, with conversion rights to E190-E2 as required. The first aircraft delivery is scheduled for Q4 2025.

About Luxair

Founded in 1961, Luxair is a key player in the economy of the Grand Duchy of Luxembourg and the surrounding Greater Region. Passenger air transport is probably the most well-known activity of the general public. Luxair offers fast air service to most major cities, business centres and international hubs in Europe. The airline offers maximum flexibility to its business customers and quality travel to its leisure customers. Luxair’s tour operator offers a wide range of packages and themed holidays through its tourism division. Luxair is also the provider of airport services at Luxembourg Airport and its air cargo division handles all kinds of goods with ease and efficiency.

Germany First Lady Elke Budenbender Christens Berlin Express

October 4, 2023 / WIL BALDWIN

Hapag-Lloyd AG (Frankfurt: HLAG) has officially welcomed into its fleet the “Berlin Express”, the first ship of its new Hamburg Express class. At an event attended by some 300 guests from business and politics, naming patron Elke Büdenbender performed the ceremonial christening of the ship at the Container Terminal Burchardkai (Athabaskakai) in the Port of Hamburg. Among the guests were Peter Tschentscher, the First Mayor of Hamburg, and Daniel Günther, the Minister President of Schleswig-Holstein.

The Hamburg Express class will mark the beginning of a new era for Hapag-Lloyd and its fleet. In total, a dozen state-of-the-art large container ships will be put into service by 2025. Together, these vessels will make an important contribution to Hapag-Lloyd’s efforts to operate its entire fleet in a climate-neutral manner by 2045. Thanks to their cutting-edge dual-fuel technology, they will also be able to operate using non-fossil fuels, such as bio-methane and e-methane, and thereby generate hardly any CO2 emissions.

For the time being, liquefied natural gas (LNG) will be used, which will reduce CO2 emissions by up to 25 percent and soot emissions by 95 percent. In addition, advanced components – such as an optimised hull and a highly efficient propeller – will help the vessels to reduce fuel consumption and thereby greenhouse gas emissions.

The “Berlin Express” was built at the Hanwha Ocean shipyard in South Korea. With a length of almost 400 metres and a capacity of 23,600 TEU, it is the largest cargo ship ever to sail under German flag. The container ships in the Hamburg Express class will exclusively operate on the cargo-intensive Far East route between Asia and Europe. The “Berlin Express” will operate regularly on the FE3 service, which sails between Ningbo and Hamburg, via Xiamen, Kaohsiung, Yantian, Hong Kong, Singapore and Rotterdam.

Saab and Boeing sign 787 Dreamliner agreement

September 6, 2023 / WIL BALDWIN

Saab (OTC: SAABF) has signed an extension agreement with Boeing (NYSE: BA) for the manufacturing of large cargo doors, bulk cargo doors and access doors for the Boeing 787 Dreamliner.

The framework agreement is an extension of an existing contract signed with Boeing in 2004 for the 787 Dreamliner program.

Since the programme started, Saab has delivered in excess of 1,100 shipsets for the Boeing 787 Dreamliner programme.

Saab has a long experience in supplying major aerostructures for military as well as commercial aircraft programmes. Like many other major 787 structures, the doors will be mainly made of composite materials. A range of systems are built into the doors’ composite structures, providing Boeing with lightweight doors that are easy to install.

Singapore Airlines Selects the Airbus A350F Freighter

December 16, 2021 / WIL BALDWIN

Toulouse, France December 15, 2021 – Singapore Airlines (OTC: SINGY) has signed a Letter of Intent (LoL) with Airbus for seven A350F freighter aircraft. The agreement will see the A350F begin replacing the airline’s existing B747-400F fleet in the fourth quarter of 2025.

Earlier this year Airbus received Board of Directors approval for a freighter derivative of the A350 designed to meet the imminent wave of large freighter replacements and the evolving environmental requirements, shaping the future of airfreight. The A350F will be powered by latest technology, fuel-efficient Rolls-Royce Trent-XWB97 engines.

The A350F will have a high level of commonality with the A350 passenger versions. With a 109 ton payload capability, the A350F will serve all cargo markets. The aircraft features a large main deck cargo door, with its fuselage length and capacity optimised around the industry’s standard pallets and containers.

Over 70% of the airframe will be made of advanced materials, resulting in a 30 tonne lighter take-off weight and generating at least 20% lower fuel consumption and emissions over its current closest competitor. The A350F will fully meet ICAO’s enhanced CO₂ emissions standards coming into effect in 2027.

Singapore Airlines is the world’s largest operator of the A350, with 56 aircraft currently in service across its network. The agreement with Singapore Airlines is the third commitment received for the new A350F over the past month.

Embraer Announces Earning Results for Third Quarter 2021

November 5, 2021 / WIL BALDWIN

São Paulo, Brazil, November 5, 2021 – Embraer (NYSE: ERJ) announced the company’s operating and financial information on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended September 30, 2021 (3Q21), June 30, 2021 (2Q21) and September 30, 2020 (3Q20), are derived from the unaudited financial statements, except annual financial data and where otherwise stated.

HIGHLIGHTS

• Embraer delivered 9 commercial jets and 21 executive jets (14 light / 7 large) in 3Q21, bringing the year-to-date deliveries to 32 commercial jets and 54 executive jets (36 light /18 large). Following solid sales activity in the period across businesses, total company firm order backlog at the end of 3Q21 was US$ 16.8 billion;

• Revenues in 3Q21 reached US$ 958.1 million, representing year-over-year growth of 26.3% compared to 3Q20, with double digit growth in all segments;

• Excluding special items, adjusted EBIT and EBITDA were US$ 35.7 million and US$ 79.2 million, respectively, yielding adjusted EBIT margin of 3.7% and adjusted EBITDA margin of 8.3%. In the first nine months of 2021, adjusted EBIT margin was 3.8% and adjusted EBITDA margin was 8.9%;

• Adjusted net loss (excluding special items and deferred income tax and social contribution) in 3Q21 was US$ (33.9) million, with adjusted loss per ADS of US$ (0.18);

• Embraer generated free cash flow in 3Q21 of US$ 21.3 million, and in the first nine months of 2021 free cash usage was US$ (160.2) million. The positive free cash flow in 3Q21 represented the first time in more than 10 years the Company generated cash in the usually seasonally weak third quarter. The free cash flow in both periods represented a significant improvement compared to the prior year periods on better profitability and working capital efficiencies, particularly with respect to inventory management;

• The Company finished the quarter with total cash of US$ 2.5 billion and net debt of US$ 1.8 billion;

• Given better-than-expected free cash flow performance over the first nine months of 2021, Embraer is updating its guidance for free cash flow without M&A or divestitures to a range of US$ 100 million or better, from the prior range of US$ (150) million to breakeven. The Company reiterates its other financial and deliveries guidance for 2021 of commercial jet deliveries of 45-50 aircraft, executive jet deliveries of 90-95 aircraft, consolidated revenues in a range of US$ 4.0 to $4.5 billion, adjusted EBIT margin of 3.0% to 4.0%, and adjusted EBITDA margin of 8.5% to 9.5%.

Mitsubishi and Namura Shipbuilding Conclude Technical Cooperation Agreement

August 6, 2021 / WIL BALDWIN

Tokyo, Japan, August 6th, 2021 – Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has concluded a technical cooperation agreement with Namura Shipbuilding Co., Ltd. relating to LPG (Liquefied Petroleum Gas) powered very large gas carriers (VLGC’s) and are capable of transporting both LPG and ammonia. Based on this agreement, Namura Shipbuilding will construct a LPG powered VLGC on order from MOL Group.

Mitsubishi Shipbuilding has developed an all-new type of VLGC applying its knowledge and expertise accumulated through the construction and delivery of more than 80 VLGC’s and midsized LPG/ammonia carriers. Operating performance has been improved by increasing the holding capacity of the cargo tank, while engineering enhancements have resulted in improved fuel efficiency. In addition, Mitsubishi Shipbuilding has applied its technologies in gas handling to develop a new system capable of using LPG in the cargo hold as fuel to propel the ship. This ability to secure LPG fuel from the cargo tank has a benefit that adds flexibility for the LPG terminal compatibility. Furthermore, the newly developed VLGC features largest-scale at present among all ships capable of carrying ammonia, a point of advantage amid anticipated expansion of demand for large-scale ammonia transportation, which emits zero CO₂during combustion.

MHI originally concluded a basic agreement with Namura Shipbuilding in 2017 to form a business alliance in commercial ships. Under the newly concluded technical cooperation agreement, Mitsubishi Shipbuilding will not only provide Namura Shipbuilding with technical designs but also procure some equipment and support construction. In this way, Mitsubishi Shipbuilding will provide comprehensive engineering services to support Namura Shipbuilding’s successful construction of the large LPG/ammonia carrier for MOL Group.

Going forward, Mitsubishi Shipbuilding will provide shipbuilding technologies in response to all customer needs as a marine engineering firm handling new ship constructions as well as ships already in service, making no distinctions between vessels constructed in-house and those made by other shipbuilders. In these ways the Company will make ongoing contributions to the development of maritime logistics and also help reduce environmental impact, a critical issue of global scale.

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